What it is about
You learn how to formally model and analyze strategic interactions — in both static and dynamic situations and under complete or incomplete information. In the end you can select appropriate equilibrium concepts and analyze strategic problems in economics and management (e.g. negotiation, price formation, signaling, reputation) with game theory.
What you will be able to do
- formal analysis of strategic interactions with basic game models
- assessment of the suitability of different equilibrium concepts
- evaluation of the effects of information structures and incentives
- critical examination of strategic situations in economics and management
What the module consists of
- Vorlesungintroduces core concepts and formal results of game theory
- Übungdeepens understanding through problem solving and discussion of selected tasks
Teaching method
- klassische Vorlesungconveys central concepts and analytical derivations
- wöchentliche Übungssitzungpractices application and deepens understanding through examples and problems
- Selbststudium (Textbuch und Vorbereitung)required for cumulative buildup and active participation